This updated book provides practical guidance on avoiding and resolving disputes in the construction of offshore units and vessels, including FPSOs, drilling units, OSVs, FLNG, FSRU, and fixed platforms. Written by a leading team at Stephenson Harwood, it covers the entire construction process from initial concept right through to installation, at each stage commenting on typical contract terms and offering expert advice based on real-life examples.
With thirty per cent of the world’s oil and gas production coming from offshore areas, the construction of specialist vessels to perform offshore operations is a crucial part of the industry. However, with exploration and production being performed in increasingly exacting locations, the scope for disputes arising from cost overruns, scheduling delays and technical difficulties is immense.
This second edition has been updated to include new case law as well as a new chapter on financing. The existing chapters will feature more information on payment mechanisms and on transportation and installation. This unique text will be of enormous assistance both to legal practitioners and offshore construction professionals including project managers, financiers, insurers, and sub-contractors.
Table of Contents
Acknowledgements; Table of Cases; Table of Legislation; CHAPTER 1 INTRODUCTION: UNDERSTANDING OFFSHORE CONSTRUCTION; CHAPTER 2 TENDERING AND NEGOTIATING CONTRACTS; CHAPTER 3 DESIGN RISK; CHAPTER 4 SCOPE OF WORK AND INTERPRETATION OF CONTRACTS; CHAPTER 5 SUBCONTRACTING; CHAPTER 6 CHANGES TO THE WORK; CHAPTER 7 DEFECTS; CHAPTER 8 DELAY; CHAPTER 9 INTELLECTUAL PROPERTY RIGHTS; CHAPTER 10 ACCEPTANCE AND DELIVERY; CHAPTER 11 INDEMNITY AND LIMITATION OF LIABILITY CLAUSES; CHAPTER 12 ALLOCATION OF RISK; CHAPTER 13 TERMINATION AND STEP-IN RIGHTS; CHAPTER 14 INSURANCE; CHAPTER 15 FORCE MAJEURE; CHAPTER 16 FINANCIAL GUARANTEES; CHAPTER 17 CARRY OVER AGREEMENTS; CHAPTER 18 WARRANTY CLAIMS AND CORRECTION OF DEFECTS; CHAPTER 19 TRANSPORTATION AND INSTALLATION; CHAPTER 20 DISPUTE RESOLUTION PROCEDURES; APPENDIX A: VESSELS AND UNITS CONSTRUCTED FOR USE OFFSHORE; APPENDIX B: OFFSHORE CONSTRUCTION AND PROJECT CONTROLS
Stuart Beadnall is a Partner at the international law firm, Stephenson Harwood LLP specialising in negotiating contracts and resolving disputes relating to the offshore oil and gas industry , with first-hand knowledge of numerous high profile projects and disputes. He has worked in-house at BHP Petroleum, and acted for many of the leading industry specialists for many years.
Simon Moore is a Partner at the international law firm, Stephenson Harwood LLP. He acts for oil companies and offshore construction, installation and drilling contractors on negotiating contracts and resolving disputes in the offshore oil and gas industry and has a broad range of experience, having worked on projects in South East Asia, India, West Africa, East Africa, South America, North America and the North Sea. He has considerable experience advising on negotiations and resolving disputes under EPIC projects for FPSO’s, rig construction and repair contracts, shipbuilding contracts, drilling contracts, FPSO conversion contracts, FLNG and FSRU contracts.